The steel scrap procurement price adjustment for Anyang Steel in Henan was updated today. Please feel free to contact us if needed!

Today, the DCE iron ore futures contract remained stable in the morning but pulled back significantly in the afternoon, trading in the doldrums throughout the day. The most-traded contract I2509 finally closed at 709, with a daily decline of 1.87%. Traders' willingness to sell was moderate, while steel mills showed good restocking demand, particularly at lower levels. The market transaction atmosphere was moderate.

Iron ore futures remained stable in the morning session but experienced a significant pullback in the afternoon, trading in the doldrums throughout the day. The most-traded contract I2509 closed at 709, with a daily decline of 1.87%. Traders showed a moderate willingness to sell, while steel mills had a demand for restocking and demonstrated a good willingness to restock at lower levels.

【SMM Rebar Daily Review: Weak Supply-Demand Balance with Shortages in Some Regions】This week, rebar prices fluctuated upward, with the nationwide average price at 3,199 yuan/mt, up 31 yuan/mt WoW...